The Compensation Plan Sample Clauses

The Compensation Plan. 9.1 The Company agrees to pay the Affiliate an amount as detailed in Schedule 1 for trades executed in Customer Accounts introduced by the affiliate. The company will pay such fees to the Affiliate as agreed in Schedule 1, after deducting any amount payable to the Company under this agreement. 9.2 The Company shall track Customer’s trading activity for the purpose of calculating the Affiliate fee and such information shall be available to the Affiliate in the Affiliate Portal or through other means where separately indicated by the Company. The Affiliate fee shall be paid on a monthly basis. 9.3 Affiliate Fees paid by the Company shall be made in any currency and method as may be determined by the Company, in accordance with the Company's policies and subject to applicable law and regulation. Charges for wires or courier charges for checks will be covered by the Affiliate and deducted from the Affiliate Revenue Share Fee. Where necessary, the Company may require BIC/SWIFT and IBAN details to assist in the making of payments. 9.4 Any sums payable under this agreement are expressed exclusive of and will be subject to VAT (if applicable) which will be charged at the then applicable rate and paid in addition to the amounts specified above subject to receipt by the paying party of an appropriate VAT invoice. 9.5 All payments to be made under this Agreement will be made in pounds sterling (GBP) or such other currency as may be mutually agreed; or may then be the lawful currency of the United Kingdom to a bank account nominated in writing by the recipient and will be deemed paid only when received in cleared funds to such account. Where payment is due on a day which is not a Business Day, payment may be made on the next Business Day.